In November 2023, CLAS entered into agreements to divest Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Parramatta. The divestment of Courtyard by Marriott Sydney-North Ryde was completed in January 2024 and the divestment of Novotel Sydney Parramatta is expected to be completed in 3Q 2024. Post-completion of the divestments, CLAS will have 12 properties in Australia. GROSS RENTAL INCOME (AUD’000) FY 2023 FY 2022 Citadines on Bourke Melbourne 19,929 14,242 Citadines Connect Sydney Airport 7,592 6,883 Citadines St Georges Terrace Perth 4,647 3,735 Quest Campbelltown 1,691 1,620 Quest Cannon Hilli 2,093 168 Quest Macquarie Park 2,969 2,974 Quest Mascot 1,880 2,577 Quest Sydney Olympic Park 2,816 3,752 i The acquisition of the property was completed on 30 November 2022; hence gross rental income stated for FY 2022 is for December 2022. HOTEL REVENUE (AUD’000) FY 2023 FY 2022 Courtyard by Marriott Sydney-North Ryde 12,698 9,387 Novotel Sydney Parramatta 14,675 12,551 Pullman and Mercure Brisbane King George Square 35,261 32,109 Pullman and Mercure Melbourne Albert Park 27,298 27,252 Pullman Sydney Hyde Park 28,145 23,186 Sydney Central Hotel (formerly Novotel Sydney Central) 26,735 19,101 REVENUE PER AVAILABLE UNIT (AUD) FY 2023 FY 2022 Citadines on Bourke Melbourne 140 100 Citadines Connect Sydney Airport 138 125 Citadines St Georges Terrace Perth 150 120 Courtyard by Marriott Sydney-North Ryde 144 104 Novotel Sydney Parramatta 149 123 Pullman and Mercure Brisbane King George Square 144 133 Pullman and Mercure Melbourne Albert Park 105 108 Pullman Sydney Hyde Park 226 175 Sydney Central Hotel (formerly Novotel Sydney Central) 198 130 ANNUAL REPORT 2023 33 Overview Leadership Portfolio & Performance Sustainability & Governance Financial Statements and Other Information
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